Hong Kong Technology Crime Prevention Advisory Group: The introduction of the Digital Tech Yuan in Cyberport may lead to the proliferation of various electronic Wallets, which could be exploited by fraudsters for scams

Odaily Star Daily News Hong Kong’s technology crime police advisory group recently held its seventh meeting, pointing out that the introduction of digital Hong Kong dollars will result in different electronic Wallets, but fraudsters may use fake electronic Wallets for fraud, so it is necessary to conduct public and rigorous testing before launching electronic Wallets to ensure their security. Regulatory agencies need to pay attention to the security issues of different payment platforms and electronic Wallets in the market. Once a suspected fraud case is discovered, a notice must be issued immediately to remind the public and cooperate with the police investigation. (Hong Kong 01)